Business planning Flashcards
What is Colliers Business Strategy?
Colliers Enterprise Growth Strategy.
The key aspects are to double the profitability of the EMEA business by 2025 with 40% from reoccurring income.
Net Zero target for 2030.
Increase website leads by 25%.
What are the different types of businesses?
Sole Practioneer - Self Employed
Partnership - Legal agreement between 2 or more people
LLP - Liabilities limited to the amount a partner puts in
Limited company - limits liability to shareholders
PLC - Offers shares and stocks to the general public.
What tools help and aid in business planning?
-Forecasting
-SWOT Analysis
-Risk Analysis
-Marketing
-Budgeting and allocation of expenditure
BP: What are your wider department strategies?
Our strategy is to grow out team and our market share within the Parks sector.
We are aiming to increase our profitability in line with the Colliers 25 plan and by growing the team.
BP: How do you seek opportunities to generate business?
When on instructions I will look at potential opportunities to bring in other team especially our rating, planning and building surveying departments.
BP: Why is forecasting important?
Forecasting is important as it enables to business to anticipate the income expected to revive against their expected out goings which allows them to manage cash flow which is a primary reason behind the failure of businesses.
